Admin’s Guide to ReadyWage

ReadyWage is Sprout's Earned Wage Access solution, allowing employees to withdraw and access a portion of their earned salary after accumulating sufficient working days or hours. With earned wage access, you can withdraw your available balance anytime, eliminating the need to wait for payday to access your money.

This guide covers everything you need to know to be fully prepared for your role as Admin once you’re activated:

Which employees can use ReadyWage?

Only regular, full-time employees who are at least 18 years old, have no termination or separation date, and are onboarded by their employers in Sprout HR and Payroll can access ReadyWage once activated.

There’s no need to enroll employees separately. Once activated, employees can simply log in to the Sprout Mobile app and access the ReadyWage widget.

What are the responsibilities of the employer to Sprout?

Employers are required to reimburse Sprout for the total amount withdrawn by their employees after receiving the Summary of ReadyWage Deductions (SRD) through the deductions made via Payroll.

Additionally, in cases where an employee's payout is negatively affected by ReadyWage deductions or other factors beyond Sprout's control, the employer must adjust the employee's payslip accordingly.

What will ReadyWage deductions look like in our payslips?

When using ReadyWage, transactions will be automatically recorded and included as a line item in your payslip under the Deductions section. This line item will display the ReadyWage fee and the amount advanced through ReadyWage.

Can we avail of both ReadyWage and ReadyCash?

Yes, your company can utilize both ReadyWage and ReadyCash! We ensure responsible advances and borrowing by carefully evaluating employee transactions across both platforms to determine appropriate limits.